The second volume of The Cambridge History of Capitalism provides an authoritative overview of how capitalism spread around the world, how it affected countries and peoples, and how diverse the reactions to it were. The wide geographical coverage and comparative approach allowed a team of leading experts to identify the global effects of capitalism on industry, agriculture and trade, along with the responses of governments, firms and markets. The authors show how the First World War stopped the spread of global capitalism, but by the end of the 20th century it again rose to full growth. Scientists reveal the diverse consequences to which the actions of the labor movement and political regimes caused by capitalism have led in the military-political sphere and in the sphere of welfare. Although in the end his influence turned out to be beneficial, the process of development and spread of capitalism did not proceed smoothly. The present edition, the most complete among the existing ones, is of interest to historians, economists and specialists in the field of political science.